Considering the spike in bills which commercial, industrial and residential consumers had faced recently, usage of solar, particularly the rooftop variety, has gained traction and is expected to grow further.

Housing sales and new launches have declined across India’s top seven cities in the second quarter of FY2020-21.

In the last decade, the average property prices in the country’s top-seven cities witnessed a nearly 38% increase. However, the price growth has gradually stagnated in terms of inherent value size and location has caught up and the price-to-value ratio has been rising steadily.

Boosting the demand in India’s beleaguered housing sector would require a collaborative effort between the government, banks and developers.

With the rise of the work-from-home (WFH) trend, prospective homebuyers will see sense in shifting to city peripheries.

Anuj Puri, Chairman, ANAROCK Property Consultants said, “Reverse migration is already very visible among migrant labourers, and this trend can further percolate to skilled professionals who have been or may be off-rostered.

Premium amenities have always been a draw when it comes to luxury homes. In the age of COVID-19, the homebuyers are willing to pay extra for premium products and features. By PRASHANT THAKUR

Of the 1,910 respondents in the ANAROCK survey to gauge the housing market sentiment in these times of COVID-19, the majority chose real estate as their preferred investment asset class. Of these, 59 per cent of intending buyers were end-users.

Commercial real estate has been a reliable mainstay of the Indian real estate sector, remaining vibrant even while residential property remained in the doldrums.